Considering we are not talking about picking, there is nothing advanced in this post. I am just showing you a few pictures. Here is where you go to learn more:
http://www.toool.nl/abloy.pdf
Here is a picture of the lock with the keyway visible and the keys off the the left.

This is a progression of the key going into the lock and turning the plug counter clockwise almost a full rotation.







As you can see, when you turn the key, all the little disks line up their grooves. This allows the side bar to retract into the plug, and allows the plug+cam to rotate!