The document discusses synchronous and asynchronous counters. It defines a counter as a digital circuit that counts input pulses. Asynchronous counters have flip-flops that change state at different times since they do not share a common clock. Synchronous counters have all flip-flops change simultaneously due to a shared global clock, allowing them to operate at higher frequencies. The document provides examples of 2-bit, 3-bit, and 4-bit synchronous binary counters as well as a 4-bit synchronous decade counter along with their operations and timing diagrams.