If I change a QFM record name, e.g. Contractor, Personnel, Department etc. what effect will this have on historical reporting?

Question
If I change a QFM record name, e.g. Contractor, Personnel, Department etc. what effect will this have on historical reporting?

Information
When a record name is changed in the QFM database, the change is immediately effective retrospectively as well as post name change. There are no historical records are kept in the ‘old’ name and so every trace of the ‘old’ name is replaced with the ‘new’ name.

For example, if a personnel name is changed from Sarah Smith to Sarah Green then every existing historical record of Sarah Smith held in the system (e.g. included on event records) will now become Sarah Green.

In summary, QFM regards the record as staying the same but recognises that just the name ‘label’ has changed.