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The FSC Accredited Professional Exam is an important credential for professionals who work in the financial services industry. It helps them to demonstrate their expertise in using the Salesforce Financial-Services-Cloud to manage client relationships, increase sales, and improve operational efficiency. Financial-Services-Cloud Exam is also a great way for professionals to stay up-to-date with the latest trends and best practices in the financial services industry. Salesforce Financial Services Cloud (FSC) Accredited Professional Sample Questions (Q70-Q75):NEW QUESTION # 70
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. To get the benefits of CDS, administrators must set organization-wide sharing settings for supported objects to the Private access model.
B. To disable CDS for an object, any Participant Roles associated with that object must be deleted first.
C. 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,
D. CDS can only be applied to FSC objects and Account and Opportunity objects.
E. CDS in FSC allows record owners to grant access to their records to other FSC users.
Answer: A,D,E
Explanation:
Explanation
Compliant Data Sharing (CDS) is a feature of Financial Services Cloud that lets administrators and compliance managers configure advanced data-sharing rules so that they can improve compliance with regulations and company policies. Some of the things to consider when implementing CDS in Financial Services Cloud (FSC) are:
CDS in FSC allows record owners to grant access to their records to other FSC users. Record owners can use the Manage Participants component on record pages to share their records with other users who have relevant roles or permissions6.
CDS can only be applied to FSC objects and Account and Opportunity objects. CDS supports sharing for Account, Opportunity, Financial Account, Financial Holding, Financial Goal, Referral, Relationship Group, Action Plan Template, Action Plan, Action Item Template, Action Item, Interaction Summary, Interaction Summary Participant Role Assignment, Interaction Summary Participant Role Definition7.
To get the benefits of CDS, administrators must set organization-wide sharing settings for supported objects to the Private access model. This ensures that only record owners and users above them in the role hierarchy have access to the records by default8.
References:
Compliant Data Sharing
Work with Compliant Data Sharing
NEW QUESTION # 71
What can be done with a workflow field update action? (2 answers)
A. Apply a specific value to a field
B. Update the value of a formula field
C. Update the value of a field on a child object
D. Change the record type of a record
Answer: A,D
NEW QUESTION # 72
Rachel is the primary member of the Adams household hired a new attorney. What type of relationship should the Wealth Advisor create in Financial Services Cloud for Rachel and her attorney before assigning the reciprocal role of "Attorney"?
A. Create an Account-Account relationship between the Adams Household and the attorney
B. Create a Contact-Contact Relationships between the primary member of the Adams Household and the attorney.
C. Create an Account-Contact relationship between the Adams Household and the attorney.
D. Create an Account-Account Relationship between the Addams Family Trust and the attorney.
Answer: B
Explanation:
To create a relationship between Rachel and her attorney before assigning the reciprocal role of "Attorney", the Wealth Advisor should create a Contact-Contact Relationship between the primary member of the Adams Household and the attorney. A Contact-Contact Relationship is a junction object that links twocontacts or individuals and defines their relationship with each other2. By using Contact-Contact Relationship, the Wealth Advisor can capture Rachel's extended network of relationships with people outside of her household.
Verified References: 2
NEW QUESTION # 73
Universal Containers uses a custom field on the account object to capture the account credit status. The sales team wants to display the account credit status on opportunities.
Which feature should a system administrator use to meet the requirements?
A. Workflow field update
B. Look-up Field
C. Cross-object formula field
D. Roll-up summary field
Answer: C
NEW QUESTION # 74
Which of these statements is true for the Person Accounts Model? (2 correct answers)
A. The Person Account represents all aspects of the person. Data includes personhood details, such as birth date or tax ID number, and dealings with your organization, such as review frequency or service tier
B. The Person Account model uses the standard Account object to hold all of the details about a person. The Account object has been extended with custom fields, record types, and more.
C. The Person Account record type can be used when a client is a business or an institution.
D. Person Accounts can not be related to to cases, tasks or calls.
Answer: A,B
NEW QUESTION # 75
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