Academy awards |
| 1982 year 55th |
| Best motion picture of the year | | Nomination |
| Performance by an actor in a leading role | Dustin Hoffman | Nomination |
| Best Supporting Actress | Jessica Lange | Winner |
| Best Supporting Actress | Teri Garr | Nomination |
| Achievement in cinematic direction | Sydney Pollack | Nomination |
| Writing Original Screenplay | Larry Gelbart | Nomination |
| Writing Original Screenplay | Don McGuire | Nomination |
| Best Cinematography | Owen Roizman | Nomination |
| Best Original Song | Marilyn Bergman | Nomination |
| Best Original Song | Alan Bergman | Nomination |
| Best Original Song | Dave Grusin | Nomination |
| Best Sound | Rick Alexander /Dick Alexander / Richard Alexander | Nomination |
| Best Sound | Les Fresholtz / Lester Fresholtz | Nomination |
| Film Editing | William Steinkamp | Nomination |
| Film Editing | Fredric Steinkamp | Nomination |
Golden Globe Awards |
| 1982 year 40th |
| Best Motion Picture - Musical or Comedy | | Winner |
| Best Performance by an Actor in a Motion Picture -Musical or Comedy | Dustin Hoffman | Winner |
| Best Performance by an Actress in a Supporting Role in a Motion Picture | Jessica Lange | Winner |
| Best Director - Motion Picture | Sydney Pollack | Nomination |
| Best Screenplay - Motion Picture | Larry Gelbart | Nomination |