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In this YouTube tutorial, the speaker explains how to configure field status in SAP screens, demonstrating with a demo in SAP S4HANA. They also address common issues due to incorrect field status configuration. The concept of field status applies across various modules in SAP. Using examples from general ledger master data and financial accounting posting transactions, the tutorial shows how to create a new GL account and select account type and group. Remember to subscribe to the channel for more SAP-related videos.