Salesforce Exam Financial Services Cloud Topic 1 Question 34 Discussion

Actual exam question for Salesforce's Financial Services Cloud exam

Question #: 34
Topic #: 1

[All Financial Services Cloud Questions]

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?

ABilling

BFinancial Holding

CFinancial Goal

DInheritance

ERevenue

Show Suggested Answer

Suggested Answer: B, C, E

Financial Services Cloud 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. Some of the custom objects are:

Financial Goal: An object that represents a client's financial objective, such as saving for retirement, buying a house, or paying off debt. A financial goal has fields to store information, such as name, amount, target date, priority, and status.

Financial Holding: An object that represents a holding in an investment account, such as a security, a mutual fund, or a bond. A financial holding has fields to store information, such as symbol, shares, price, gain/loss, and market value.

Revenue: An object that represents revenue generated from a client's financial accounts, such as an increase in stock value, a dividend payment, or an interest income. A revenue has fields to store information, such as type, amount, date, and source.

Financial Services Cloud Associated Objects

Learn About the Financial Services Cloud Data Model

by Raina at Apr 14, 2024, 06:41 AM

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Keith

6 months ago

D, Inheritance? Really? That's a bit too specific, don't you think? I mean, I love a good family tree, but let's keep it professional, folks.

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Carline

5 months ago

C) Financial Goal

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Daniel

5 months ago

B) Financial Holding

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Corinne

5 months ago

A) Billing

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Ruth

6 months ago

C) Financial Goal

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Corinne

6 months ago

C) Financial Goal

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Daren

6 months ago

B) Financial Holding

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Isadora

6 months ago

B) Financial Holding

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Laquanda

6 months ago

A) Billing

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Doretha

6 months ago

A) Billing

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Launa

7 months ago

I believe Billing, Financial Goal, and Revenue would be the most essential objects to have in FSC for managing financial information.

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Jacqueline

7 months ago

I think Financial Holding is important for tracking the various investments and assets a client may have.

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Brock

7 months ago

I'm not sure about Financial Holding, do you have any rationale for why it's included in FSC?

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Gerald

7 months ago

I agree with those three objects make sense for modeling a client's financial information.

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Tegan

7 months ago

Hmm, I wonder if Inheritance is a new object they added to track family wealth? Sounds like something they'd include in FSC.

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Vincenza

7 months ago

B, Financial Holding, is another one for sure. It's where we store all the details about a client's financial assets and investments.

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Ardella

6 months ago

C) Financial Goal

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Jacklyn

6 months ago

B) Financial Holding

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Brittni

7 months ago

A) Billing

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Lenna

7 months ago

C, Financial Goal, is definitely one of the objects in FSC. I use it all the time to track my clients' financial goals.

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Jacqueline

7 months ago

I think the three objects in FSC are Billing, Financial Holding, and Financial Goal.

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Elvera

8 months ago

Haha, Revenue? Really? That's a good one. Maybe we should add D) Inheritance to the list, just for fun. You know, in case they're testing our knowledge of financial planning terminology.

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Vilma

8 months ago

Hold up, did you say C) Revenue? I'm pretty sure that's not a Salesforce object. Maybe we're overthinking this. Let's stick to the basics - Financial Goal, Financial Holding, and maybe something like Accounts or Contacts.

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Kristofer

8 months ago

I'm gonna go with C) Financial Goal for sure. That's a no-brainer. As for the other two, I'm gonna guess B) Financial Holding and C) Revenue. Those seem like plausible options.

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Kirk

8 months ago

Hmm, Financial Goal sounds like a good one. That's a pretty common concept in the financial services industry. But I'm not sure about the others.

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Ashlyn

8 months ago

Yeah, I agree. This looks like a tricky one. We'll need to really know our stuff about the Financial Services Cloud to get this right.

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Jennifer

8 months ago

I'm a bit confused by this question. The answer options seem to be a mix of financial concepts and Salesforce object names. I'll need to think carefully about which ones are actually part of the Financial Services Cloud.

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Evette

7 months ago

I'm not sure about Financial Holding. It doesn't sound familiar to me.

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Kassandra

7 months ago

I agree. Those sound like the Salesforce objects related to financial services.

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Shayne

7 months ago

I think the correct objects in FSC are Billing, Financial Holding, and Financial Goal.

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