solution of managerial finance by gitman

Both!

The ideas and concepts behind managerial economics all have a scientific basis. Some managerial decisions made using managerial economics can employ scientific explanations.

On the other hand, many managerial decisions made using the concepts of managerial economics are very subjective. One must, for example estimate the intentions of competitor firms. While some of this is scientific, some of it is luck and some of it is an art.

Managerial accounting places emphasis on how the numbers actually affect the organization. In managerial accounting, managers want to know what is important to decision making.

Managerial planning seeks to achieve a coordinated structure of operations discusss

Managerial accounting is a type of accounting which is concerned with providing information to managers that is, people inside an organization who direct and control its operation.