Yes, as far as paragraph and character styles go.
But remember that some things don't translate well because of the different structures of the programs.
And also remember that there are several methods you can use, with varyign results. Because this is a FAQ, you may want to check the archives for different methods and problems. For my own work, I think MIF2go, a third-party tool from Omsys.com, does the best job.
Art