MM Million Meaning, Examples, Conversion & Notations
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. The government might have income statement a program that needs $50 billion in funding. 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. “M” is the most common abbreviation for “million.” If you’re going to abbreviate “million,” it would usually turn into this form.
The Pros of MM for Banking
For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online.
What is $100 MM in dollars?
Here’s a law firm chart of accounts quick look at some of the money terms you’ll see when referring to different sums from a Greek perspective. I have worked in equity markets for 20 years and poor abbreviations drive me crazy. Regretfully, until the USA goes metric there’s going to continue to be problem with this. The Report containing certain information of company C is given below, representing the same with the compact number representing mode. Internet advertisers are familiar with CPM which is the cost per thousand impressions.
Correct Abbreviation for “Million” in The UK
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 what is mm in money attorney, CPA or other professional to determine what may be best for your individual needs. You won’t typically see the power of 10 rule applied to financial documents today.
Where Does the mm Abbreviation Come From?
- If you can’t go above three M’s in a row, you can’t get to 4,000, which would be MMMM.
- For example, 1MM equals 1 million, $34MM equals $34 million and so on.
- These examples underscore the need for abbreviations like MM to avoid ambiguity with large figures.
- Darrel has over 30 years of proven success and is skilled in developing relationships with internal and external stakeholders to drive superior business results.
- You have to be careful when using it or interpreting it because MM can stand for other things too.
- 8,22,90,000 or 8.22 crores is equal to one million dollars in rupees.
- But in the case of Asset 2, the company can get a loan of 4.5 MM against the applied loan of 5 MM as per the bank’s criteria.
The least ambiguous approach is to simply write them out in words, such as “$ thousands.” This is Corporate Finance Institute’s recommended method, to avoid any potential confusion. 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.
