2. Org config
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Questions and Answers

What happens to fiscal date functions in SOQL queries once custom fiscal years are enabled?

  • They continue to function normally.
  • They become automatically updated.
  • We lose the ability to use them. (correct)
  • They can only be used for the first quarter.

    • What is required annually when using custom fiscal years in Salesforce?

  • Users must request changes from Salesforce support.
  • Salesforce automatically creates a new fiscal year.
  • The company must manually define a new custom fiscal year. (correct)
  • The previous fiscal year must be reviewed.

    • Which template allows a custom fiscal year to replicate the functionality of standard fiscal years?

  • Standard Year template
  • Gregorian Calendar template (correct)
  • Custom Calendar template
  • Fiscal Year template

    • What is a key advantage of using the features around fiscal years in Salesforce?

    <p>They offer a customization for unusual fiscal structures.</p> Signup and view all the answers

    How does the use of custom fiscal years affect forecasts from the first quarter of the first custom fiscal year?

    <p>They are deleted.</p> Signup and view all the answers

    What can be set as defaults in the Organization Detail section of the Company Information page?

    <p>Locale, language, and time zone</p> Signup and view all the answers

    What type of edition do Trailhead Playgrounds display on the Organization Edition field?

    <p>Developer Edition</p> Signup and view all the answers

    Which section of the Company Information page provides data about user, feature, and permission set licenses?

    <p>User Licenses</p> Signup and view all the answers

    How can users modify the default settings for locale, language, and time zone?

    <p>In their personal settings</p> Signup and view all the answers

    What information is displayed regarding storage on the Company Information page?

    <p>Data space and file space used</p> Signup and view all the answers

    What does the Usage-based Entitlements section detail?

    <p>Monthly, yearly, or one-time subscription limits</p> Signup and view all the answers

    In which area of Salesforce can more detailed storage usage information be found?

    <p>Storage Usage page</p> Signup and view all the answers

    What central function does the Company Information page serve for organizations?

    <p>Checking current consumption of licenses and storage</p> Signup and view all the answers

    What is required to enable multiple currencies within a Salesforce org?

    <p>Edit the Company Information page and activate multiple currencies.</p> Signup and view all the answers

    What does the CurrencyIsoCode standard field indicate in a Salesforce record?

    <p>The user’s default currency at the time of creating the record.</p> Signup and view all the answers

    After enabling multiple currencies, which of the following actions cannot be performed?

    <p>Deactivate multiple currencies.</p> Signup and view all the answers

    What feature allows Salesforce users to see currency values in their personal currency alongside the default currency?

    <p>Parenthetical Currency Conversion.</p> Signup and view all the answers

    How can dated exchange rates be managed in Salesforce?

    <p>By enabling Advanced Currency Management.</p> Signup and view all the answers

    What is the impact of configuring a new exchange rate that starts on August 3 and then another on August 8?

    <p>Opportunities closing on August 3 to August 7 will use the first rate.</p> Signup and view all the answers

    Which statement is true regarding fiscal years in Salesforce?

    <p>The fiscal year can start in any month chosen from a dropdown.</p> Signup and view all the answers

    What happens when a custom fiscal year is activated in Salesforce?

    <p>It cannot be deactivated once it has been activated.</p> Signup and view all the answers

    Which option is available for customizing fiscal years in Salesforce?

    <p>Select a month from the start month dropdown.</p> Signup and view all the answers

    Why is multiple currencies enabled for organizations that operate internationally?

    <p>It enhances pricing displays for customers in different currencies.</p> Signup and view all the answers

    What is required for creating a new exchange rate in Salesforce?

    <p>Select the effective start date and the exchange rate.</p> Signup and view all the answers

    Which of the following is NOT a step in enabling multiple currencies?

    <p>Edit the currencies field directly in records.</p> Signup and view all the answers

    What does the 'Fiscal Year is Based On' radio button control?

    <p>Whether fiscal year labels are based on the starting or ending month.</p> Signup and view all the answers

    Study Notes

    Company Information Page

    • Displays org details like licenses, edition, storage.
    • Located at Setup > Company Settings > Company Information.
    • Shows organization details (name, address).
    • Sets defaults for locale, language, time zone (overridable by users).
    • Displays org edition (e.g., Developer Edition).
    • Shows used data/file space (separate allocations).
    • Includes sections for user licenses, permission set licenses, feature licenses, and usage-based entitlements.
    • Useful for checking license consumption, data storage, and currency settings.

    Multiple Currencies

    • Salesforce orgs default to a single currency.
    • Multiple currencies allow displaying prices in various currencies.
    • To enable, navigate to Setup > Company Settings > Company Information, edit, activate, and save.
    • Cannot deactivate after enable.
    • Each object has a CurrencyIsoCode field, controlling currency for currency fields.
    • Manage currencies at Setup > Company Settings > Manage Currencies.
    • Add new currencies by selecting "New".
    • Set conversion rates and decimal places. Change default currency using "Change Corporate" button.
    • Users can change their default currency in their settings.
    • "Parenthetical Currency Conversion" (showing alternate currency next to default).
    • Exchange rates do not update automatically; manual updates affect all conversions.
    • Advanced Currency Management (fixes conversions for closed Opportunities).
    • Dated exchange rates can be managed (via Classic UI currently).
    • Create new exchange rates with a start date and rate.

    Fiscal Years

    • Fiscal years are accounting periods (e.g., tracking budgets).
    • Salesforce has a standard fiscal year (January 1st).
    • Customize at Setup > Company Settings > Fiscal Year.
    • Change the fiscal year start month using "Fiscal Year Start Month."
    • Select fiscal year base as "The starting month" or "The ending month".
    • Enable custom fiscal years (cannot be deactivated).
    • Create new custom fiscal years (custom quarter lengths, 13 periods).
    • Enabling custom fiscal years impacts SOQL queries, forecasts, and requires annual setup.
    • Using "Gregorian Calendar" template provides similar functionality.
    • Important for accurate income/expense tracking, forecasts, etc. and for company financial health.

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    Description

    This quiz covers the key components of managing company information and multiple currencies within a Salesforce organization. Learn how to navigate to the Company Information page, set organization defaults, and manage currency settings effectively. Perfect for Salesforce administrators looking to improve their understanding of organizational settings.

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