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Today, the tutorial demonstrates how to create a calculated field on a form using accounts as an example. The field, called "anniversary," will display the company's anniversary date. By navigating to settings, customization, entities, and creating a new field, the user can set the datatype to "day and time" and choose a calculated field type. By specifying an action to add 12 months to the created date, the function is set up. Finally, saving the changes completes the process of adding the anniversary field to the form.