This happened to me just a few weeks ago, when I was doing a revalidation test. I was told to do a flapless circuit and approach, and as a result misjudged things and ended up too high about half a mile from touchdown. My tester rightly ticked me off for getting too fast on the approach, but this was to get off the surplus height. We were doing the right approach speed by the time I was down to one hundred feet with a little way left to go to the numbers.
I had thought of a sideslip (which both I and the aircraft can do) but thought that this was hardly the right thing for a test. At the same time, to throw the approach away was to admit that I had got it irretrievably wrong, and this would mean a fail. So what else could be done? And come to that, where does the 'final' approach start? Half a mile out? Or when you have stabilised the speed at the right figure?
An interesting problem, and the only real answer is to get it right from the beginning. But only Allah is perfect.