Academy Awards
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1981 | Academy of Motion Picture Arts and Sciences | Best Adapted Screenplay | Ernest Thompson | Won |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Cinematography | Billy Williams | Nominated |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Actress | Katharine Hepburn | Won |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Picture | Bruce Gilbert | Nominated |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Actor | Henry Fonda | Won |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Score | Dave Grusin | Nominated |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Supporting Actress | Jane Fonda | Nominated |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Editing | Robert Wolfe | Nominated |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Sound | Richard Portman | Nominated |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Sound | David Ronne | Nominated |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Director | Mark Rydell | Nominated |
British Academy of Film and Television Arts
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1982 | British Academy of Film and Television Arts | Best Actress | Katharine Hepburn | Won |
Directors Guild of America
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1981 | Directors Guild of America | Best Director | Mark Rydell | Nominated |
Golden Globes
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1981 | Hollywood Foreign Press Association | Best Picture - Drama | Won | |
| 1981 | Hollywood Foreign Press Association | Best Performance by an Actor in a Motion Picture - Drama | Henry Fonda | Won |
| 1981 | Hollywood Foreign Press Association | Best Screenplay | Ernest Thompson | Won |
| 1981 | Hollywood Foreign Press Association | Best Performance by an Actress in a Supporting Role in a Motion Picture | Jane Fonda | Nominated |
| 1981 | Hollywood Foreign Press Association | Best Performance by an Actress in a Motion Picture - Drama | Katharine Hepburn | Nominated |
| 1981 | Hollywood Foreign Press Association | Best Director | Mark Rydell | Nominated |
National Board of Review
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1981 | National Board of Review | Best Actor | Henry Fonda | Won |
| 1981 | National Board of Review | Best Picture | Nominated |
