MM is the symbol used for representing the numbers in millions, whereas the symbol m is used as thousand in roman numbers and so mm is thousand multiplied by thousand, which is equal to 1 million. Large enterprises often present their financial statements and other reports with the figures in the millions, i.e., and they use ($ MM). Provided designing and programming support in enhancement of web applications accessed by over 3 million users worldwide. Let’s look at a few examples from real resumes of how to abbreviate million on a resume. If it is in a science or mathematic context, 1m will always be acceptable because it creates less confusion and takes less time.

What is the origin of the word Million?

• If you do use these abbreviations, be sure to clearly define them in the text.
• Merchants and bankers required a standardized way to represent large sums of money, leading to the adoption of “MM” to denote millions.
• It should not be considered legal, tax, investment, or financial advice.
• While the letter “k” is the most common abbreviation, there are a few different ways to abbreviate thousand.
• Stating at the top of the report that “all figures are in millions of dollars” should take care of it.

We still use Roman numerals for some accounting methods, while large figures are designated by the Greek alphabetic equivalent of the specific term. When two Ms are together (MM), it indicates 2,000 when using this methodology for http://www.kingdomfresh.com/index.php/how-to-accept-stock-donations-easy-steps-for/ expressing numbers. To avoid confusion, the term $1MM is often used to designate a million, while the generic “MM” represents 2,000. The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of more than one million, three-quarters of which are digital subscriptions.

• But overapplying shorthand can backfire by reducing comprehension.
• The meaning of having a million dollars is that the value of yourassets and property equals 1 million dollars.
• Now that you know several large number abbreviations, you have access to several options you can use in your reports or other forms of writing.
• If you say “10M” on a resume, recruiters will know that you mean million, not thousand.
• In various aspects of finance such as budgeting, financial analysis, reporting, and forecasting, the use of MM aids in ensuring accuracy and precision.

K Is Meant To Stand For Thousand Isn’t It?

That letter isn’t Greek or Roman, but the average reader would likely understand the concept. You’d look for a G or MMM in the world of financial analysis and accounting. Certain industries may deviate from conventions through custom.

How do you abbreviate $1 million?

It seems like that the safest choice to ensure comprehension is to use K and MM, but something about mixing the symbols just doesn’t seem right to me. For example, in a document that requires the use of symbols because of limited space in a table, I see “500K-1MM” to stand for “500,000-1,000,000”. The mm million abbreviation use of MM to represent a million originated from the Roman numeral system, where “M” stands for thousand. When used in the context of finance or the stock market, “MM” is used to represent a thousand thousand, or a million. It’s a concise way to denote large amounts without taking up a lot of space on the page or screen.

How do you write 1.5 million?

You can also HOA Accounting use “M.” This has historically been used to mean thousand, but is rarely used that way anymore, so it’s unlikely to cause confusion. But used judiciously, “MM” provides a precise shorthand for an audience fluent in business and financial terminology. It adds professional polish by demonstrating command of industry conventions.

The MM abbreviation works whether the entry is in dollars, some other currency or millions of items or customers. The use of two m’s to denote millions is becoming less common. Frequently, in finance and accounting, an analyst will use k to denote thousands and a capitalized M to denote millions. I generally use $___MM, which was, and still is, often used by accountants and economists.

A. You’ve identified two commonly used conventions in finance, one derived from Greek and the other from Latin, but neither one is standard. The information provided on , in webinars and accompanying material is for entertainment and informational purposes only. It should not be considered legal, tax, investment, or financial advice. You should consult with a licensed attorney, CPA or other professional to determine what may be best for your individual needs. Although different accountants have adopted Roman and Greek traditions (or transitioned to modern abbreviations), context is what unlocks the knowledge needed to understand the term.

One of the key advantages of using “MM” for million is its ability to represent very large numbers in a concise way. In long form, numbers can become awkward or difficult to parse at a glance. Formatting like commas helps, but can still result in dense lines of text. Replacing instances of “million” with “MM” compresses multi-million and billion dollar figures down to a readable, digestible, skimmable format. This improves the presentation and consumability of financial data and summaries.