The document describes the phases of the instruction cycle in a computer's CPU. It discusses how each instruction is fetched from memory and stored in the instruction register (IR). The control unit then decodes the instruction in the IR. Depending on whether it is a memory or register instruction, the effective address may need to be fetched from memory before execution. During execution, the control signals cause the relevant components like the ALU, registers, and memory to perform the required operations. The full cycle involves fetching the instruction from the memory address in the program counter, decoding and possibly fetching an effective address, then executing the operation and storing results.