Academy awards |
| 1991 year 64th |
| Performance by an actor in a leading role | Robin Williams | Nomination |
| Best Supporting Actress | Mercedes Ruehl | Winner |
| Writing Original Screenplay | Richard LaGravenese | Nomination |
| Original Dramatic Score | | Nomination |
| Best Production Design | Mel Bourne | Nomination |
| Best Production Design | Cindy Carr | Nomination |
Golden Globe Awards |
| 1991 year 49th |
| Best Motion Picture - Musical or Comedy | | Nomination |
| Best Performance by an Actor in a Motion Picture -Musical or Comedy | Robin Williams | Winner |
| Best Performance by an Actor in a Motion Picture -Musical or Comedy | Jeff Bridges | Nomination |
| Best Performance by an Actress in a Supporting Role in a Motion Picture | Mercedes Ruehl | Winner |
| Best Director - Motion Picture | Terry Gilliam | Nomination |