| Year | Award | Category | ||
| 1984 | Golden Globe | Best Picture - Musical or Comedy | ||
| 1984 | Academy of Motion Picture Arts and Scie | Best Song | ||
| 1984 | Academy of Motion Picture Arts and Scie | Best Visual Effects | ||
| 1984 | Academy of Motion Picture Arts and Scie | Best Visual Effects | ||
| 1984 | Academy of Motion Picture Arts and Scie | Best Visual Effects | ||
| 1984 | Academy of Motion Picture Arts and Scie | Best Visual Effects | ||
| 1984 | Hollywood Foreign Press Association | Best Original Song | ||
| 1984 | Hollywood Foreign Press Association | Best Performance by an Actor in a Motion Picture - Musical or Com | ||
| 1984 | Hollywood Foreign Press Association | Best Picture - Musical or Comedy |
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