is the module Accounting Theory same as financial accounting

No, Accounting Theory and Financial Accounting are not the same. Accounting Theory is the study of the principles, concepts, and assumptions that underlie accounting practices, whereas Financial Accounting is the process of recording, summarizing, and reporting financial transactions of a business to external users such as investors, creditors, and regulatory authorities. While Accounting Theory helps in developing and improving accounting practices, Financial Accounting focuses on the application of these practices in real-world situations