Short answer: Probably not. While there are many ways you can make your flash elements more accessible, there are far too many unknowns to be able to say if your usage of them would be accessible.
Longer answer:
Flash presents many challenges to a user - not just a screen reader user. As web content, an 'accessible' flash element needs to meet the required guidelines to be accessible - which is usually defined by WCAG 2.0. These criteria can include meeting contrast ratios, animation restrictions, access to controls and alternative content (amongst others). Simply hiding a flash element from a screen reader could still leave issues in other areas of the WCAG.
Keep in mind that many devices stopped supporting flash quite some time ago and support across platforms on modern devices and assistive technology is likely shaky at best. While I don't have statistics to back this up, there is a good chance that a large portion of users will not be able to access the flash content at all - regardless of disability - since flash is no longer supported on many devices.
If the flash content is used for any non-decorational purposes on the page, it would be wise to include that content in some format other than flash to allow more people to use your page. This technique is also permitted for accessible content (see: Conforming Alternate Version definition)