What is it?
"Polynomials of infinite degree" . Inside their interval of convergence they can be added, multiplied, differentiated and integrated term by term — like polynomials.
Formulas
Where it shows up in computing
Generating functions solve recurrences and count structures in the analysis of algorithms.
Where is it used?
Computing topics reachable from here, through the chain of ideas that leads to them:
What depends on it
This page has the essentials. A fuller treatment (intuition, formal definition, worked example) is on the way.