This video provides a comprehensive understanding of how to create a financial statement version in SAP S/4HANA Financial Accounting (FI). Here are the key points:

1. Financial Statement Version: The video explains that the financial statement version is used to define the structure of financial statements. Reports can be extracted based on this structure.
2. Creating a Financial Statement Version: The presenter demonstrates how to create a financial statement version in the system. He creates a financial statement version named ‘HA01’ in English language for the chart of account ‘COA1’.
3. Structuring the Financial Statement Version: The presenter structures the financial statement version by creating items and assigning accounts to the items. He creates items under ‘Asset’, and further divides it into ‘Current Asset’ and ‘Non-Current Asset’. Under ‘Current Asset’, he creates ‘Cash and Bank’ and assigns the general ledger account of cash to it.
4. Extracting the Report: The presenter extracts the report based on the structure defined in the financial statement version. He uses the transaction code F.01 to extract the balance sheet for his company code ‘HS01’ and chart of account ‘COA1’. The system displays the report based on the structure defined in the financial statement version.

In summary, the video explains how to create a financial statement version, how to structure it, and how to extract a report based on the structure in SAP S/4 HANA Financial Accounting.