Yes, but I am disappointed you cannot collapse individual sub classes.  The "by class" report defaults to show all sub classes (including sub classes of sub classes of classes).  When you collapse sub class, all that appears is the class, not the collapsed sub class:

Academy Class

       Academics Subclass

               English sub subclass

               Science sub subclass

      Athletics Subclass

               Football sub subclass

               Basketball sub subclass

I ether see seven columns (above) or one column (Academy).  I would like to see three columns:

Academy Class

      Academics Subclass

      Athletics Subclass

This is possible with rows (for sub accounts of sub accounts).