It's hard to answer in the abstract. There's a competing need for assessing the situation (how many ambulances to call and whether some behavior needs to be controlled) and making sure the other road users are safe. This has to be balanced against when the next unit(s) will be arriving.
Usually a police officer will park in the breakdown lane on the side where the accident is, and start to get oncoming cars into the lane(s) that are clear. If the officer is lucky, the cars will traffic jam themselves, getting their speed down to a safe level.
Communication is one of the important tasks of the first on scene. Should oncoming units go in hot (lights, sirens, pushing traffic) and should they slow down?
First fire engine in will physically block the traffic lane(s) containing the accident. You park it with the wheels angled so that if someone hits it, it will roll in a safe direction (if possible). A fire truck weighs about 30 - 40 K pounds, and can deal with most cars hitting it. They make good safety barriers, which police cruisers do not.
Best of luck,
Jim Clark-Dawe