Revision on the item attributes or categories at master item will the associated org get updated?

Summary:

Is it possible when you change any attribute on Item Master will the other associated org automatically get updated?

Content (please ensure you mask any confidential information):

We have trying to revise the Invoice Close Tolerance Percentage or the Categories of Master item, is it possible the changes will be automatically updated or flow through with the associated organization?

Do you have process documentation on this?

Version (include the version you are using, if applicable):

Code Snippet (add any code snippets that support your topic, if applicable):