You can find Cost Center Actual Allocation function, however, you can't find Distribution function.
SAP S/4HANA Cloud
The new App Manage Allocations - is the new design for allocations which allows the creation and maintenance of serveral types of allocations including Cost Center Distribution.
Using the create button filling in the required fields including Allocation Context: Cost Center and Allocation Type: Distribution (as opposed to Overhead Allocation) and enter the required segment (sender/receiver) to set up the distribution.
KSU5, KSV5 , KBA , CO-OM , Overhead Cost Controlling , Problem