GASB 9 establishes standards for reporting cash flows for governmental entities that use proprietary fund types, as well as governmental entities that use proprietary accounting. It requires a statement of cash flows (instead of a statement of changes in financial position) as part of a full set of financial statements for all proprietary and non expendable trust funds and governmental entities that use proprietary fund accounting. This statement mainly focuses on how cash flow reporting works in proprietary funds, non expendable trust funds, and when government entities use proprietary fund accounting. GASBS 9 aims to standardize guidelines for reporting cash flows in proprietary funds and non expendable trust funds. Its goal is to enhance transparency and comparability in financial reporting among government entities. The statement classifies cash flows into three categories: operating activities, non capital financing activities, and capital and related financing activities. These categories help distinguish cash flows related to operations, financing, and capital. GASBS 9 emphasizes the use of the direct method for reporting operating cash flows. It provides guidance on what to include and exclude from this category, highlighting the importance of presenting operating cash flows separately. The statement clarifies the reporting of cash flows related to investing and financing activities, including asset acquisition, disposal, debt issuance, and repayment. GASBS 9 underscores the need to disclose significant non cash investing, capital, and financing transactions that could impact the assessment of an entity's financial health. The classification of cash flows into operating activities, non capital financing activities, and capital and related financing activities is a key aspect of GASBS 9, and this summary does a good job of explaining their significance. Overall, this summary provides a clear and concise overview of GASBS 9 and it aligns with the statement's objective of enhancing transparency and comparability in government financial reporting