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In this video tutorial, the presenter explains how to configure the field status in SAP screens, demonstrating with a demo in SAP S/4HANA. They also discuss common issues that can arise from incorrect field status configuration. The concept of field status is consistent across different SAP modules, illustrated using examples from general ledger master data and financial accounting posting transactions. The process involves selecting a GL account type and account group when creating a new GL account. Subscribe to the presenter's YouTube channel for more SAP-related content.