Salesforce Exam Financial Services Cloud Topic 4 Question 50 Discussion

Actual exam question for Salesforce's Financial Services Cloud exam

Question #: 50
Topic #: 4

[All Financial Services Cloud Questions]

The system administrator team at a retail consumer bank just received data migration instructions and guidance on Data Loader from their Salesforce architect to upgrade the existing Service Cloud org to a Financial Services Cloud (FSC) org.

In what order should the Salesforce objects be uploaded during an FSC data migration?

A1. Accounts and contacts
2. Financial accounts
3. Account groups and households

B1. Financial accounts
2. Accounts and contacts
3, Account groups

C1. Accounts and contacts
2. Households
3. Financial accounts

D1. Households
2. Financial accounts
3. Person accounts

Show Suggested Answer

Suggested Answer: A

The order of uploading Salesforce objects during an FSC data migration is important to ensure data integrity and avoid errors. The recommended order is:

Accounts and contacts: These are the core objects that store the basic information about the customers and their relationships.They should be uploaded first to establish the foundation for the FSC data model4.

Financial accounts: These are the custom objects that store the financial information about the customers, such as balances, interest rates, fees, and transactions.They should be uploaded after the accounts and contacts, and linked to them using lookup fields5.

Account groups and households: These are the custom objects that group the accounts and contacts based on common attributes or relationships, such as family members or business partners.They should be uploaded after the financial accounts, and linked to them using junction objects6.

Financial Services Cloud Data Model

Data Migration Best Practices

Accounts and Contacts

Financial Accounts

Account Groups and Households

by Melissa at Sep 15, 2024, 04:52 PM

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Gaynell

2 months ago

Haha, I bet the Salesforce architect who wrote these instructions was just messing with the admins. 'Person accounts'? What is this, a dating app?

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Antonette

21 days ago

C) 1. Accounts and contacts

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Royal

30 days ago

D) 1. Households

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Dean

1 months ago

C) 1. Accounts and contacts

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Justine

1 months ago

B) 1. Financial accounts

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Penney

1 months ago

A) 1. Accounts and contacts

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Yoko

1 months ago

B) 1. Financial accounts

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Lawana

1 months ago

A) 1. Accounts and contacts

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Odette

2 months ago

Option B looks like it's trying to be too clever. Why would you upload financial accounts before the basic account and contact data? Seems backwards to me.

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Jamika

2 months ago

I think option B is definitely not the best choice for the order of uploading Salesforce objects during an FSC data migration.

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Adelina

2 months ago

Yeah, starting with accounts and contacts seems like the logical first step in the data migration process.

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Sabina

2 months ago

I agree, it makes more sense to upload basic account and contact data first before moving on to financial accounts.

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Lawanda

2 months ago

I'm not sure about the order. I think it might be C) 1. Accounts and contacts, 2. Households, 3. Financial accounts. What do you guys think?

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Hildegarde

2 months ago

I agree with Isaac. It makes sense to upload accounts and contacts first before moving on to financial accounts and account groups.

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Karon

2 months ago

I like the order in Option C - it makes sense to get the core accounts and contacts in first, then move to the more specialized households and financial accounts.

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