Target-legal requirement in-line with accounting conventions


Assignment Task:

The task is to identify what goes into a budget, considering financial constrains, targets and legal requirements in-line with accounting conventions.

I have already covered a majority of the answer and need help with the last part legal requirements in-line with accounting conventions.

Please, focus on the part related to legal requirements in-line with accounting conventions but additional info related to financial costrains and targets would be great, perhaps, with an example, but not necessary.

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Finance Basics: Target-legal requirement in-line with accounting conventions
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