Define a power series (as a polynomial). Its constant coefficient is zero, so it is not invertible.
Define another power series. Its constant coefficient is one, so it is invertible.
Define a univariate polynomial over power series, . The constant coefficient with respect to its main variable, , is , which is not invertible. Thus, is not invertible.
Define a univariate polynomial over power series, . The constant coefficient with respect to its main variable, , is , which is invertible. Thus, is invertible. Its inverse is not a polynomial but a power series, so in order to invert , we need to convert it to a power series first.