Gulliver, a sea captain and a surgeon, ends up on the island of Lilliput, where people are only about 6 inches in height. Everything in the town is so small, he has to document everything in smaller units like inches and millimeters (mm). Can you imagine measuring tiny things using units like yards or miles? It’s also common to see K used for 1,000 and B for a billion. To avoid confusion, use any and all abbreviations consistently throughout all your financial records.
Our Clients Love the Professional Leadership Institute
- What matters is that readers look at the figures and understand the amounts.
- If you can’t go above three M’s in a row, you can’t get to 4,000, which would be MMMM.
- Some examples of objects having about 1 millimeter length areA sharp pencil point and the tip of a sewing needle are approximately 1 mm in length.
- “M” is the most common abbreviation for “million.” If you’re going to abbreviate “million,” it would usually turn into this form.
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. In internet record keeping, for instance, CPM is the cost per thousand impressions of an internet mm meaning ad. For the past 52 years, Harold Averkamp (CPA, MBA) hasworked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online.
For Teams
It’s also common to see K used for 1,000 and B for a billion. “MM” is an old-fashioned abbreviation, but it still sees some usage today. You might come across “mm” in scientific or engineering fields, where different values are required, and they can reach well into the millions as a unit. “M” is only used as an abbreviation when talking about a lot of money or in scientific communities.
What Does “MM” Mean?
Unlock your potential and accelerate your career with sought-after management and leadership skills. Explore Our Course LibraryEnhance your leadership skills with our diverse selection of courses. Take your abilities to the next level and become a more effective leader and team player. If you think there’s any possibility of your use of MM being confusing or being misinterpreted, you’re safer writing out the numbers or using “millions.” Rather than use the barred M, however, accounting went with MM as an abbreviation for a million. For example, 1MM equals 1 million, $34MM equals $34 million and so on.
- While you can make MM stand for millions of anything, it’s important that the reader knows whether you’re talking about dollars, euros, units shipped, etc.
- There are actually a few different ways that 1,000,000 can be expressed when it comes to writing dollar amounts.
- “mm” (which is usually kept in the lower case) is an old-fashioned abbreviation that doesn’t see much common usage.
- We can use the following conversion chart to convert millimeters into different metric units of length.
- Can you imagine measuring tiny things using units like yards or miles?
- “M” is only used as an abbreviation when talking about a lot of money or in scientific communities.
There are actually a few different ways that 1,000,000 can be expressed when it comes to writing dollar amounts. Million can also be represented using “mn” and “m,” so an individual may see $4m, $4mn or simply $4 million. Another option is to use the “M” for 1,000 and represent $4 million as $4,000M.
If the company sells 26,000 units, the accountant can Certified Bookkeeper record that as 26M units. If net income runs to $6,500,000, it goes on the books as $6.5MM. The MM abbreviation works whether the entry is in dollars, some other currency or millions of items or customers. The correct abbreviation for “million” in the UK is only M. “M” is the only acceptable abbreviation to use for “million” in UK English.
If a financial statement has a lot of large figures, the accountant may simply dispense with abbreviations. Stating at the top of the report that “all figures are in millions of dollars” should take care of it. Both approaches are allowed under standard accounting rules. What matters is that readers look at the figures and understand the amounts.
- This can cause confusion in the United States, where “mil” traditionally means a thousandth of an inch.
- For example, an annual salary of $60,000 might appear as $60k instead of $60M.
- You might not put a lot of thought into your abbreviations, and that’s okay.
- Most native speakers wouldn’t care much about “million” as an abbreviation because they won’t often come across the number in their daily lives.
- We can use the following chart to find the approximate results for the conversion of customary units.
Maybe you were looking for one of these abbreviations:
“M” is the official abbreviation used whenever a million units of something are requested. We can use the conversion chart to convert 147.5 mm into cm. We can use the following chart to find the approximate results for the conversion of customary units. We have to multiply the length by 10 every time we move from left to right. Also, for each time we move from left to right, we must divide the length income statement by 10. The barred M was necessary because the Romans didn’t use zero, and they didn’t like using more than three identical letters in a row.