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Salesforce AP-208 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Wealth Management Capabilities | 20% | - Performance monitoring - Financial goals and planning - Asset allocation tracking - Investment portfolio management |
| Client Management | 15% | - Client lifecycle management - Household management - Client profiling and segmentation - Relationship types and hierarchy |
| Data Model and Architecture | 18% | - Relationship mapping between accounts and contacts - Individual and Household data model - Custom objects for financial products - Financial Account and Financial Holding objects |
| Financial Services Cloud Overview | 10% | - Use cases for Banking, Wealth Management, and Insurance - Core capabilities of Financial Services Cloud - Key differentiators from standard Salesforce CRM |
| Implementation and Configuration | 10% | - Security model considerations - Setup and configuration basics - Best practices for deployment |
| Banking and Lending Features | 15% | - Account aggregation - Compliance and regulatory considerations - Digital lending workflows |
| Analytics and Reporting | 12% | - Custom reporting requirements - Financial Services Cloud reports and dashboards - Key metrics for financial advisors |
Salesforce Financial Services Cloud Accredited Professional Sample Questions:
Question 1
How are identification documents, other assets, liabilities, goals, and revenue modeled, in an existing Financial Services Cloud org using the individual account model?
A. Custom obiects are used to represent other assets, liabilities, and goals. In the individual model, these objects are related to the Account oJ Nj.
B. An administrator is logged in to Data Loader with their own credentials to insert new Business Account records into their Salesforce environment. They forget to specify the Account Owner field in the import file.
C. Assuming there are no other issues, what should happenwhen the administrator uploads the import file?
The Attachment object is used to represent other assets, liabilities, and goals. In the individual model, these attachments are related to the Account object.
D. Document, Note, and Attachment objects are used to represent other assets, liabilities, and goals. In the individual model, these objects are related to the person account.
Question 2
Users at Lake Bank have been creating multiple events for once in a lifetime event such as birth. What should an Administrator do to prevent users from accidentally creating more than one event of such anevent type?
A. Create a validation rule that will stop the user if they attempt to add multiple one-time events.
B. Create an Apex trigger that will prevent the saving of multiple one-time events
C. Remove user's ability to create one-time events
D. Select the Unique checkbox on the picklist value for the Event Type field on the Person Life Event object
Question 3
Financial Services Cloud (FSC) contains a number of custom objects to model a client's financial information, and each object can be configured to appear as tabs in your org. For example, if a consultant wanted to create a financial goal for a customer, they could use the Financial Goal object in FSC.
What are three objects in FSC?
A. Financial Holding
B. Billing
C. Inheritance
D. Financial Goal
E. Revenue
Question 4
A financial services company needs a custom field for reporting when relating two-person accounts to each other. Which object should the Financial Services Cloud consultant configure the custom field on?
A. Account Contact Relationship
B. Person Account
C. Contact-Contact Relationship
D. Account Account Relationship
Question 5
Cumulus Bank's mortgage department is currently using spreadsheets to gather client data for mortgage applications. The bank is interested in improving the efficiency of this process.
Which two features shoulda consultant suggest to Cumulus Bank to implement?
A. Data Import Wizard to upload the data collected in spreadsheets
B. A Mortgage Application' custom object to hold thecollected client data
C. The standard mortgage flow templates to build a mortgage flow in Financial Services Cloud
D. Flow Builder to automate these business processes
Solutions:
| Question 1 Answer: C | Question 2 Answer: A | Question 3 Answer: A,D,E | Question 4 Answer: D | Question 5 Answer: C,D |
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