The document discusses the timers and counters of the 8051 microcontroller. It describes the registers used including TMOD and TCON. TMOD is used to select the mode of operation for timers 0 and 1. TCON controls the running of the timers using TR bits and indicates overflow using TF bits. Four modes of operation are described for the timers - 13-bit, 16-bit, 8-bit auto reload, and split timer. The timers can also be used as event counters by connecting an external signal to the T0 and T1 pins and setting the appropriate bits in TMOD.