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In finance and accounting, MM (or lowercase “mm”) commonly denotes that the units of figures presented are in millions. The Roman numeral M denotes thousands. In this context, MM is the same as writing “M multiplied by M,” which is equal to “1,000 times 1,000,” which equals 1,000,000 (one million).
20 Ιουλ 2024 · In financial statements, the abbreviation “MM” is commonly used to denote millions. This shorthand is particularly useful in simplifying the presentation of large figures, making financial documents more readable and less cluttered.
24 Ιαν 2023 · MM (The accounting abbreviation for million). MTM (Mark-to-market) – Mark-to-market accounting is a method to determine the value of an asset that can fluctuate over time. NAPA (The National Association of Public Accountants) – A professional association representing public accountants’ interests in the United States.
21 Αυγ 2024 · MM (Million) Definition. 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.
The use of two "M"s (MM) symbolizes 1,000 multiplied by 1,000, equating to 1,000,000, or one million. MM is often used in financial statements, reports, and discussions where large numbers are involved.
1 Φεβ 2014 · In metric, you'd use M (mega) for million, G (giga) for billion and T (tera) for trillion. The only financial specific similar abbreviation I can find is MM for million (financial notation, according to wikipedia).
17 Νοε 2023 · Today, MM remains the standard abbreviation for millions throughout the banking and accounting professions. In my experience analyzing data from top financial institutions, I estimate 90% or more use MM based on samples of hundreds of documents and reports.
