It is quite possible. Explanation will take long and I guess it is explained in the user guide. I did not look there because at the time it seemed to be intuitive. The main thing however is to know that required functionality is there.
The feel and design are very much as for a report. The main difference is that you can insert URL links and, for example, run a process from it. A process may do what the Edit does but you can specify a particular editing form.