It also describes the application pool account that you are using as either a built in service account, such as Network Service, or a configurable ID (for example, The local parameter is to be used in situations where the local server failed to update for any reason.In addition, the local parameter corrects fixes to the local computer only, updating the administration application pool and linked services (for example, SPTimer), and the credential master registry key.
This also impacts all other services such as SQL Server etc.
This Office product will reach end of support on October 10, 2017. For more information, see , Resources to help you upgrade your Office 2007 servers and clients.
The updatefarmcredentials operation must be run on the server that hosts Central Administration.
Customers don't wipe out Active Directory to reset user accounts, and they should not be forced to wipe out their Share Point configuration databases either just because a Web application password was lost.
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