Forum Thread

Numerical financial abbreviations in business documents?

Dr. J 25,032 3,353 June 16, 2011 at 07:09 AM
Deal
Score
0
8,114 Views

Thread Details

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?

4 Comments

1

Sign up for a Slickdeals account to remove this ad.

Joined Feb 2004
L10: Grand Master
6,950 Posts
944 Reputation
#2
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...
Reply Helpful Comment? 0 0
Marshall: Have the rest of you guys figured out by now that mmathis is the smartest guy on SlickDeals?
Joined Nov 2005
L10: Grand Master
25,032 Posts
3,353 Reputation
Original Poster
Pro
#3
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.
Reply Helpful Comment? 0 0
Last edited by Dr. J June 16, 2011 at 10:38 AM
Joined Oct 2004
Pirate's Life For Me
11,275 Posts
808 Reputation
#4
I haven't found a widely accepted practice. I usually indicate like mmathis that all numbers are in thousands or millions.
Reply Helpful Comment? 0 0
MBA
CFA Level III candidate
Page 1 of 1
1
Join the Conversation
Add a Comment
 
Copyright 1999 - 2016. Slickdeals, LLC. All Rights Reserved. Copyright / Infringement Policy  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)  •  Interest-Based Ads
Link Copied to Clipboard