  We review theoretical and phenomenological aspects of heavy flavour
production as discussed in the heavy flavour working group of the DIS 2012.
Recent theoretical progress includes approximate NNLO calculations for heavy
quark structure functions in deep inelastic scattering, the extension of the
ACOT heavy flavour scheme to jet production, and advances in top physics where
the highlight is clearly the first complete NNLO QCD prediction for top pair
production in the $q \bar{q}$ annihilation channel. Furthermore, state of the
art phenomenological predictions for open charm and bottom, charmonium, and
single top and top pair production are discussed in addition to other topics
such as the effect of double parton scattering on heavy quark production. New
measurements on charm and beauty production presented in the heavy flavor
working group are summarized and discussed in comparison with QCD predictions.
Top quark strong and weak couplings as well as top quark properties are being
measured with precision at the LHC and the Tevatron. We summarize also recent
results on spectroscopy of charmonia, bottomonia and $b$-hadrons, along with
studies of their decays and properties. Searches for physics beyond Standard
Model through precise measurements of rare decays of heavy flavours are
discussed as well.
