Salesforce Financial Services Cloud Accredited Professional : AP-208

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Salesforce AP-208 Exam Syllabus Topics:

Salesforce Financial Services Cloud Accredited Professional Sample Questions:

Question 1

The Compliant Data Sharing (CDS) feature lets administrators and compliance managers configure advanced data-sharing rules so that they can improve compliance with regulations and company policies.
Which three things should be considered when implementing CDS in Financial Services Cloud (FSC)?

A. CDS can only be applied to FSC objects and Account and Opportunity objects.
B. Users above the record owner in the Role Hierarchy and non-record owners with Edit access granted through CDS have the same ability/access as record owners,
C. To get the benefits of CDS, administrators must set organization-wide sharing settings for supported objects to the Private access model.
D. To disable CDS for an object, any Participant Roles associated with that object must be deleted first.
E. CDS in FSC allows record owners to grant access to their records to other FSC users.

Question 2

Which two statements are true for a Group inFinancial Services Cloud?

A. Financial Services Cloud includes a group record type for businesses
B. A group is a type of account record that people and businesses can be related to through the Financial Account relationship object
C. A group is a type ofaccount record that people and businesses can be related to through the account contact relationship object.
D. Financial Services Cloud includes a group record type for households

Question 3

The ActionableRelationship Center (ARC) is using the Association Type picklist to control the account- account relationships. Which three of the following names are Association Type picklist field values?

A. Trust
B. Group
C. Peer
D. Family
E. Member

Question 4

Cumulus Bank has branches in multiple countries that are required to report in local currency, while the corporate headquarters office wishes to see reports in a single currency (the corporate currency).
Which solution should a consultant recommend to meet these requirements?

A. Set the default currency for head office and have the regions download their reports to Excel and convert them manually.
B. Allowusers to set their preferred currency in their profile and design reports that convert currencies for the user running the report.
C. Use a third party from AppExchange add-on to implement currency conversions.
D. Enable multiple currencies and advanced currency management, and set a corporate currency for the corporate headquarters office.

Question 5

Which two limitations should a Salesforce Administrator consider before enabling Person Accounts?

A. Person Accounts cannot be disabled once they were enabled
B. Person Accounts can be enabled and disabled only by contacting Salesforce Support
C. AppExchange packages will not work if Person Accounts are enabled
D. Creating a client record via Salesforce Inbox is not supported.

Solutions: