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Numerical financial abbreviations in business documents?

Dr. J 25,126 3,353 June 16, 2011 at 07:09 AM

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I'm writing a business plan for a class that involves discussion of financial numbers in text. I don't want to write "$2,000,000" all the time - is it acceptable to write, e.g. "$2.0MM" or for $400,000 "$4.0K"?

IOW is there a way to abbreviate long numbers and what is the acceptable norm?



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If you're going to abbreviate, abbreviate correctly: $2,000,000 = $2.0M, and $400,000 = $400k.

Are most of the numbers roughly the same order of magnitude? If so, you could just put a note that says e.g., "all amounts are in millions of dollars" and just write them as $2 and $0.4. This is done quite often for tables...
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Joined Nov 2005
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I thought it was MM for million?

also.... some values are millions, others thousands, so it wouldn't be elegant to just use a note.

looking some more it seems M is for thousand and MM for million (as in a thousand thousand).

I am just wondering if there is some sort of standardized or widely accepted practice.
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Last edited by Dr. J June 16, 2011 at 10:38 AM.
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I haven't found a widely accepted practice. I usually indicate like mmathis that all numbers are in thousands or millions.
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