Words such as a million, referring to numbers, are only abbreviated in circumstances where the reader is aware of the full meaning. A. You’ve identified two commonly used conventions what does mm mean in finance, one derived from Greek and the other from Latin, but neither one is standard. Abbreviating a million is common, especially in the financial context.

• While each of these abbreviations has its own merits, there are some factors to consider when choosing an abbreviation for million.
• As industries and technology progressed, abbreviations became more complex and the same abbreviation began to mean different things, depending on the context.
• The most important thing to remember when using abbreviations on your resume is consistency.
• Outside of finance and accounting, it is common to find the value of a thousand abbreviated as (K), the value of a million abbreviated as (M), and the value of a billion abbreviated as (B).
• There are several ways to abbreviate the word and no universally accepted convention for doing so.
• Wondering how to abbreviate million, billion, and thousand on a resume?

Abbreviations for “Million”

However, I often see where those who are dealing with financing (banks and investment houses for bonds) use the MM for millions of dollars. For the past 52 years, Harold Averkamp (CPA, MBA) hasworked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com. 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. Kevin Miller is a growth marketer with an extensive background in Search Engine Optimization, paid acquisition and email marketing.

How to Show Bilingualism on Your Resume (with Examples)

Plus, we’ll abbreviate the word and provide examples where you can use the abbreviation instead of the whole word. You can use any of the above abbreviations for thousand options when referring https://www.bookstime.com/ to thousands in writing. Whether the topic is significant sums of money or a massive quantity of something, it’s common to use abbreviations when writing out large numbers in text.

When and how to give a range on a resume

That said, if your organization uses M and it doesn’t cause confusion, you are free to use M to abbreviate one million. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. On Nov. 29, 2023, Geisinger discovered and immediately notified Nuance that a former Nuance employee had accessed certain Geisinger patient information two days after the employee had been terminated. Upon learning this, Nuance permanently disconnected its former employee’s access to Geisinger’s records.

When it comes to abbreviating “million,” the most common error involves inconsistency. Inconsistency is a problem that creeps into the writing when the context of the abbreviation changes, the audience differs, or the need for the consistency slackens. In some industries, such as finance and banking, “M” and “MM” are preferred for abbreviating millions. That’s why it’s important to keep your writing style consistent with your industry’s common practices. When choosing an abbreviation, it’s essential to consider the context.

• However, it’s important to ensure that the context of the abbreviation is clear, as in some cases “M” might mean “thousand” or “billion” instead of million.
• For example, a company’s earnings report might state “$50M” to indicate $50 million in revenue.
• ” This abbreviation works for both spoken and written dialogue, and is easily recognizable.
• The example below shows how figures can be portrayed in millions.
• Yet, often in finance and accounting, we find that this abbreviation deviates from the cultural norm that permeates most industries.

However, it’s important to ensure that the context of the abbreviation is clear, as in some cases “M” might mean “thousand” or “billion” instead of million. For example, within financial statements, the industry-standard abbreviation is M for a thousand, while in everyday life, the abbreviation of K for a thousand is usually the acceptable one. Therefore, discretion must be applied within every situation to accurately implement the acceptable abbreviation or comprehend the abbreviation you are reviewing. “M” is the only acceptable abbreviation to use for “million” in UK English. You’ll find that a lot of UK native speakers won’t even know what “mm” stands for (outside of the “millimeter” measurement that is abbreviated to “mm”). “mm” is often left uncapitalized (though there are no specific rules that state which way it should be written).

Don’t use low-impact abbreviations

When preparing financial statements, accountants will typically write a note at the top of the income statement or the balance sheet saying, “All figures are expressed in millions of U.S. dollars,” for example. The most important thing to remember when using abbreviations on your resume is consistency. Similarly, the best way to abbreviate billions on a resume is “B.” You can spell out “billion,” but don’t use “BB” — the double letter is only used in millions to avoid confusion. “MM” is an old-fashioned abbreviation, but it still sees some usage today.

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