More specifically, challenges that can be done in both games carry over. Hammers and oils are in both games, so you can earn count in both. Same with arrows and daggers. The kill 1,000 enemies definitely counts as well, thank goodness.
However, things like 'equip 5 weapons' are a feature specific to Shadows Over Mystara, so you can only earn them in that game. The 400-VP 'Beat the Game' challenges are separate for each as well; you get an achievement for doing each as well, but that is an example of a challenge just linked to one game.
Basically, if you go to the Challenges menu while in a specific game, the 'ALL' setting lets you see ALL you have obtained. This is similar to some of Capcom's other combined-arcade games, like the X-Men Infinity Gems + MvC game combo.
*NO* longer playing Kingdoms & Lords!
AM WILLING TO HELP WITH OTHER ACHIEVES
Send messages to inquire. Some games I no longer have. Ones I have I can help with.
Please include information in the message, and not just a friend request.
East Coast, USA (EST/EDT timezone)
Available gaming/boosting times:
Weekdays: 7:00PM - 12:00PM (EST/EDT)
Weekends: Generally all day (EST/EDT)