How to apply layer style to one object and apply it to multiple layers

I think what I may be looking for exists in Fireworks maybe, but I haven't messed with it. Basically, is there a way to make a style sheet for an object?

Say I have an object and I apply x layer styles to it, then I want all those layer styles on multiple objects throughout a document. Then I want to change the strength of a drop shadow, how would I set it up so all I had to do is change the drop on the master file and it would apply to all with this "style" set on it?