The document describes the fetch-decode-execute instruction cycle of a computer processor. It consists of three main steps: 1) fetching an instruction from memory and loading it into the instruction register, 2) decoding the instruction to determine what action it specifies, and 3) executing the instruction by sending signals to relevant components like the ALU, FPU, or memory registers to perform the specified action. Key components involved include the program counter, memory address register, instruction register, control unit, and arithmetic logic unit.