Introduction

Accounting and finance professionals play a crucial role in helping organisations set and execute viable strategies that drive stakeholder value. They engage in cross-team collaborations and partner externally to assess investment opportunities, manage risks, optimise capital, and ensure sustainability and compliance. To excel in this role, accountants must be forward-looking critical thinkers, capable of upskilling and adapting to rapidly changing conditions.Are you fluent in the language of AI?
This glossary is designed to support your continuous learning by defining relevant terms used in today's business environment. It aims to enhance your understanding of how artificial intelligence (AI) and machine learning are transforming industries and workflows. By expanding your knowledge, the glossary will help you establish a shared vocabulary with colleagues, regardless of their technical background, facilitating clear and effective communication. Understanding AI terms will enable effective discussions and informed decisions about implementing AI technologies in finance, leading to efficient processes and improved productivity outcomes. Additionally, knowledge of AI terminology is essential for ensuring compliance with regulatory standards and ethical guidelines, which is particularly important in finance, where transparency and accountability are critical.In this ever-evolving business world, we hope the glossary will help you stay informed and up to date with the latest developments and trends in business and technology, remain competitive in the profession, and empower you to create value and contribute to your organisation and society at large.

CIMA wants to hear from you once you’ve reviewed the glossary!

1. How has this AI glossary improved your understanding, communication, and confidence in navigating your AI journey?

Significantly improved
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2. Would you be interested in accessing similar materials in a more interactive online format?

Yes, definitely.
Maybe, I'd like to learn more.
No, I'm satisfied with the current format.

3. Which other professional areas are you most interested in learning more about? (Choose all that apply.)

Financial analysis and reporting
Risk management
Financial planning and forecasting
Compliance and regulatory reporting
Fraud detection and prevention
Strategic growth and investment
Sustainability
Other