| Academy Award Nominations and Winners: |
| Best Picture |
| Best Director: Curtis Hanson |
| ★ | Best Supporting Actress: Kim Basinger |
| ★ | Best Adapted Screenplay: Brian Helgeland & Curtis Hanson |
| Best Cinematography: Dante Spinotti |
| Best Art Direction: Jeannine Claudia Oppewall; Jay Hart |
| Best Film Editing: Peter Honess |
| Best Original Score: Jerry Goldsmith |
| Best Sound: Andy Nelson, Anna Behlmer, and Kirk Francis |
|
| Golden Globe Nominations and Winners: |
| Best Picture (Drama) |
| Best Director: Curtis Hanson |
| ★ | Best Supporting Actress: Kim Basinger |
| Best Screenplay: Brian Helgeland & Curtis Hanson |
| Best Original Score: Jerry Goldsmith |
|
| Other Awards: |
| Screen Actors Guild Awards: Best Supporting Actress (Basinger; tie) |
| Writers Guild of America: Best Adapted Screenplay |
| New York Film Critics Circle: Best Picture; Best Director; Best Screenplay |
| Los Angeles Film Critics Association: Best Picture; Best Director; Best Screenplay; Best Cinematography |
| National Society of Film Critics: Best Picture; Best Director; Best Screenplay |
| Boston Society of Film Critics: Best Picture; Best Director; Best Supporting Actor (Spacey); Best Screenplay |
| National Board of Review: Best Picture; Best Director |
| British Academy Awards (BAFTAs): Best Film Editing; Best Sound |
| Satellite Awards: Best Adapted Screenplay |