Question:

Can the formula for Formatted_Name_vod__c field in the Account object be changed?

Answer:

Yes.

Please note: If users update Account information Offline, the formatted name defaults to the out-of-the-box format (Last Name, First Name). Therefore the user needs to perform a sync to be updated to the modified formula.

Due to Offline limitations for formula fields, the fields display text values (the result of the formula) and the data is calculated after it is synced Online.

Related Documentation:

CRM Help Documentation: N/A