Acer Aspire V5-131 - Manual (Page 28)

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Two options are available, Restore Factory Settings (Reset my PC) or
Customized Restore (Refresh my PC).
Restore Factory Settings deletes everything on your hard drive, then reinstalls
Windows and all software and drivers that were pre-installed on your system. If you
can access important files on your hard drive, back them up now. See "Restore
Factory Settings with Acer Recovery Management" on page 9.
Customized Restore will attempt to retain your files (user data) but will reinstall all
software and drivers. Software installed since you purchased your PC will be
removed (except software installed from the Windows Store). See "Customized
Restore with Acer Recovery Management" on page 10.
Restore Factory Settings with Acer Recovery Management
1 Click Restore Factory Settings.
Caution: 'Restore Factory Settings' will erase all files on your hard
drive.
2 The Reset your PC window opens.