Generally we know that FNDCPASS utility can be used to change the apps schema password and
individual base/application schemas (ap,ar,gl,etc etc) password.

But there are few options which we should know.
1. ALLORACLE : this is used to change all base/application schemas with same password in one shot.
FNDCPASS apps/appspassword 0 Y system/systempassword ALLORACLE allschemapassword

eg : FNDCPASS apps/apps 0 Y system/manager ALLORACLE mydollargame

However this will set same password for all the application schema users,

2. USER: USER is used for changing the Application (FND) user password through backend.

FNDCPASS apps/appspassword 0 Y system/systempassword USER applicationusername applicationusernewpassword

eg. FNDCPASS apps/apps 0 Y system/manager user sysadmin you_cameto_seeme

However this option will not allow the user change the password at the first login, user has to login and change their password through preference.

You can refer below MOS Doc :
How to Change Applications Passwords using Applications Schema Password Change Utility (FNDCPASS or AFPASSWD) [ID 437260.1]

Yours,
Narasimha Rao

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