The Toffees are close to the limits set on losses over the past three years which would automatically trigger a punishment, and possible ban from European competition.
But with the threat of the European Super League still looming over football, Ancelotti is not concerned by the club's position.
"If they look at FFP with the problem they had with the top six for the Super League it would be funny. Very funny," he said.
"But of course we take care of our financial aspect for sure, but we can buy without selling players - this for sure.
"The Premier League has to solve different problems than the financial fair play of Everton. For the fact that six teams wanted to go in the Super League.
"First of all they have to take care of this and then, maybe, they can have a look at Everton but we are going to look at ourselves.
"I think what we are going to do, we're all agreed on the plan we have to improve the squad," he said.
"There will be no doubt we are totally focused on this and, above all, totally agreed, from the manager, the club and the technical director."