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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 S/4HANA. Common issues due to incorrect field status configuration are also addressed. The concept of field status is consistent across different modules, with examples given in 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. Subscribe to the channel for more SAP-related videos.