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This tutorial demonstrates how to create a calculated field on a form. Using the example of accounts, the speaker adds a field called "anniversary" to display the company's anniversary. To do this, navigate to settings, customization, customize the system, entities, and click on fields. Create a new field named "anniversary" with datatype day and time. In the calculated field section, set the action to add 12 months to the "created on" date. Save the function and the field.